Trump's Defense Production Act: Boosting U.S. Natural Gas

0:00President Trump just dropped a big move, invoking the Defense Production Act to ramp up the country's natural gas and liquefy natural gas setup. He called pipelines, processing plants, storage, and export spots straight up essential for national defense, saying without them, the U.S. and allies could get caught exposed in a crisis. This order hits everything from gathering lines to marine loading docks, labeling them critical tech for defense. Trump figures private companies can't build fast enough on their own thanks to cash crunches, long build times, permits, and bottlenecks. So he greenlit the energy secretary to step in with buys, loans, and waivers to speed things up. Meanwhile, up in Alaska, lawmakers are hustling before their May 20th session ends on a hot bill to boost the long stalled Alaska LNG project. Governor Mike Dunlevy is pushing it hard, with bills that would skip property taxes for up to 10 years, or until the line pumps out 1 billion cubic. Feed of gas a day. Those bills swap in a volumetric tax, starting at $0.6 per unit, bumping up 1% each year after.

1:07Glenn Farn, holding 75% of the project, backs the governor, but keeps dodging calls to spill detailed financials, calling it confidential. No final investment call yet, even after self-set deadlines slip by, but with federal muscle now in play, eyes are on whether this juices Alaska's. Gas dreams, or just keeps the weight going. That wraps Anchorage News today, brought to you with AI.